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Jason W. Murphey, Oklahoma State Representative, has introduced legislation intended to lower medical costs by giving incentive for insurers to write “Negative Outcomes” insurance policies. The bill also seeks to help make sure patients are properly and quickly compensated for medical practice.

In the announcement, Murphey said Negative Outcomes insurance is a unique approach to medical tort reform and will provide a free market alternative to crises that are faced by doctors forced to deal with high cost medical practice insurance.

If passed, House Bill 1018, authored by Murphey, would allow a tax deduction for patients who purchase Negative Outcomes insurance. In the event of medical malpractice, the insurance would allow a patient to make an immediate claim for recovery of damages. It would eliminate the need to become involved in protracted legal action against a physician, and leave the decision to litigate with the insurance company. A patient could receive a settlement directly and avoid costly legal fees.

“I think this legislation would be a significant step in reducing incentive for those promoting ‘jackpot justice’ legal actions against Oklahoma physicians,” Murphey said.

Murphey credited the idea to U.S. Congressman Ron Paul, who sponsored the legislation in Washington and to Oklahoma House District 90 State Representative Charles Key.

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